FY 2011-2012

INCOME TAX CALCULATOR FOR ASSESSMENT YEAR 2011-12 EXCEL

In annual budget of 2011-12 Finance Minister announced some changes in the income tax slabs for the assessment year 2011-12 and the financial year 2012-13. In these changes the tax liability also changes such as Rs. 20000 more comes to the men category as well as senior citizen category.

So calculating income tax liability is the different thing for the assessment year 2011-12 and the old income tax calculator will not work in this regard. The income tax slabs for the assessment year 2011-12 are as follows see more…